First Installment Property Tax Bills are Due March 1, 2016

First installment property tax bills for tax year 2015 have been mailed. Property taxes are paid in two installments. The first installment bill is fifty-five percent (55%) of the total property tax bill for the previous year, and will be due on March 1, 2016.

Taxpayers should note that first installment tax bills will not reflect homeowner, senior citizen or other exemptions, nor will they reflect successful assessment appeals that were filed for tax year 2015. The first installment is just an estimate based on what was paid last year. When the second installment bill is mailed in the summer, it will reflect all exemptions for which the property is eligible as well any savings due to successful 2015 tax appeals.

Property owners who do not have mortgage companies paying their taxes can make tax payments in person, by mail, or on-line at the Cook County Treasurer’s web site www.cookcountytreasurer.com. In-person payments are accepted at the Cook County Treasurer’s downtown Chicago office at 118 N. Clark Street and at any Chase Bank in the Chicago area.